Tesla says second ‘Gigafactory’ will be in Europe

An artist's impression of the first Gigafactory, which is being built in the USA.
Image: Tesla

Tesla has announced its second ‘Gigafactory’ battery production plant will be built in Europe.

CEO Elon Musk said the massive factory will produce both vehicles and batteries at a significantly cheaper price than currently possible. It is expected to see annual battery production capacity reach 35GWh.

It was announced following Tesla’s purchase of Grohmann Engineering, a German developer of automated assembly systems. Its technology is said to be essential in improving the quantity and quality of production while simultaneously reducing costs.